Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: Smart Investor who wrote (15528)	11/24/1998 6:04:00 PM
From: Stanisav Richter	Read Replies (2) of 27307

YHOO revenue < large shopping mall. Market cap. > Sears. Yet, you cannot short the stock. Bulls have made the case that YHOO is worth, right now, more than any two media biggies you care to name, put together, and still the stock is not played out. Psych resistance at 200 was breached with a bullet and if 250 does not fail to scare the longs, 300 will be the limit. What must happen is that the valuation must exceed even the weirdest case that longs can make for the stock. At around 30 billion in market cap., that is probably going to happen. Longs are simply absolutely willing to pay, right now, what they imagine the company could conceivably be worth five years from now and then some. I don't think the thing will pop until there is very intense volatility in the stock, upwards of 15-20% per day (showing that the price is truly unstable) and then some sort of triggering event. It may collapse under it own weight or the weight of the madness in lesser 'Net issues, but I don't think that time has come yet. People buying the stock now may actually make a lot of money. They will also be exhibiting advanced mental disease. Such people rarely sell in time.

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